Reverse Circulation Drilling Program Completed at the Robertson Property
posted on
Feb 05, 2009 03:19AM
Robertson adjoins Barrick Gold Mines' Cortez Mine, one of the lowest cost Au producers in Nevada
February 4, 2009 | |
Coral Gold Announces Reverse Circulation Drilling Program Completed at the Robertson Property for 2008 | |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2009) - Coral Gold Resources Ltd. ("Coral" or the "Company") (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8... announces that its Reverse Circulation drilling program has been completed at the Robertson property in Crescent Valley, Nevada, USA. The program totaled 22,835 ft of drilling in 33 vertical holes which ranged in depth from 500 to 1200 ft. The holes were located on the Altenburg Hill, South Porphyry, 39A and Distal Zones in order to increase the gold resource in these zones. Hole locations can be viewed in maps on our website at www.coralgold.com. Coral's February 11, 2008 news release detailed results of the NI 43-101 compliant "Mineral Resource Estimate for the Robertson property, Lander County, Nevada" report by Beacon Hill Consultants which gave a new estimate for the gold deposits at the Robertson property (based on a price of US $600 per ounce) of a total inferred resource of 2.3 million ounces. The report proposed a program of reverse circulation drilling to expand the resource. This was the recent program, completed in 2008. All assay results have now been received and are shown in the attached table. The drill program has partially extended the areas of mineralization in several zones. Robert McCusker, Consultant Geologist, supervised the drill program as a Qualified person for NI 43-101. This news release was prepared by Chris Sampson, P.Eng., VP Exploration and Director, a Qualified Person as defined by NI 43-101. ON BEHALF OF THE BOARD Chris Sampson, V.P. Exploration Altenburg Hill Zone Total Grade, Hole No. depth (ft) From (ft) To (ft) Thickness (ft) oz Au/t -------------------------------------------------------------------------- CR08-10 500 95 170 75 0.014 CR08-19 500 40 115 75 0.027 175 235 65 0.018 CR08-20 500 CR08-21 500 0 100 100 0.019 130 200 70 0.017 270 305 35 0.017 320 370 50 0.017 CR08-22 500 no significant values CR08-23 500 no significant values CR08-24 500 30 75 45 0.012 360 380 20 0.024 CR08-25 500 60 150 90 0.019 375 415 40 0.013 CR08-26 500 25 155 130 0.020 290 315 25 0.018 CR08-27 500 0 15 15 0.013 50 125 75 0.018 200 265 65 0.021 370 385 15 0.047 CR08-28 500 405 495 90 0.013 CR08-29 500 60 140 80 0.021 435 450 15 0.034 CR08-30 425 5 165 160 0.023 280 345 65 0.012 365 385 20 0.024 405 425 20 0.030 CR08-31 500 0 135 135 0.018 330 365 35 0.018 440 455 15 0.031 CR08-32 345 0 85 85 0.014 305 320 15 0.023 Total Footage 7270 South Porphyry Zone Total Grade, Hole No. depth (ft) From (ft) To (ft) Thickness (ft) oz Au/t -------------------------------------------------------------------------- CR08-33 500 95 110 15 0.025 CR08-34 500 no significant values CR08-35 500 145 170 25 0.017 CR08-36 500 no significant values CR08-37 500 135 270 135 0.020 CR08-38 500 160 210 50 0.039 370 420 50 0.017 Total Footage 3000 39A Zone Collar Total utm utm elev. depth From Thickness Grade, Hole No. north east (ft) (ft) (ft) To (ft) (ft) oz Au/t -------------------------------------------------------------------------- CR08-11 4462209 525782 5487 760 80 85 5 0.061 165 170 5 0.057 205 210 5 0.070 660 685 25 0.034 695 710 15 0.012 CR08-12 not drilled CR08-13 4462406 525809 5504 850 680 780 100 0.075 including 690 770 80 0.088 including 710 735 25 0.170 CR08-14 4462501 525821 5517 1000 80 155 75 0.017 340 380 40 0.025 555 580 25 0.012 825 855 30 0.015 905 925 20 0.022 CR08-15 4462482 525864 5551 1000 80 100 20 0.021 385 395 10 0.064 600 610 10 0.046 835 900 65 0.037 965 990 25 0.027 CR08-16 4462504 525898 5527 1040 55 75 20 0.014 140 170 30 0.017 265 280 15 0.018 295 320 25 0.021 380 390 10 0.054 760 800 40 0.037 830 965 135 0.014 CR08-17 4462445 525868 5515 970 95 110 15 0.025 225 265 40 0.045 820 910 90 0.057 including 820 830 10 0.327 CR08-18 4462472 525941 5487 1025 245 265 20 0.031 285 350 65 0.039 620 625 5 0.069 710 735 25 0.022 765 770 5 0.137 965 1025 60 0.019 Total Footage 6645 Distal Zone Collar Total utm utm elev. depth From Thickness Grade, Hole No. north east (ft) (ft) (ft) To (ft) (ft) oz Au/t -------------------------------------------------------------------------- CR08-1 4462897 525324 5804 1120 925 940 15 0.043 960 1000 40 0.013 CR08-2 not drilled CR08-3 4462768 525301 5831 1200 680 730 50 0.027 940 955 15 0.014 980 1035 55 0.024 1050 1080 30 0.026 CR08-4 4462714 525307 5806 1200 430 480 50 0.011 705 720 15 0.021 860 885 25 0.023 910 945 35 0.015 955 980 25 0.089 1055 1085 30 0.018 CR08-5 4462659 525314 5791 1200 630 650 20 0.031 820 835 15 0.028 850 895 45 0.058 including 885 890 5 0.27 925 945 20 0.022 1080 1095 15 0.028 1165 1175 10 0.029 CR08-6 4462596 525378 5728 1200 890 900 10 0.032 910 1030 120 0.071 including 910 920 10 0.354 including 965 970 5 0.24 1045 1060 15 0.016 Total Footage 5920 |